FX.co ★ GBP/USD - Weekly and monthly pivot points and signals, for February 11 - 16, 2013

The British pound lost bullish strength and is negotiating this morning below the weekly pivot 1. 5758. It is likely to find a very strong support level at 1.5674. If the pair closes the day below this level, the fall can be very fast to the next support below 1.5545 and 1.5460. Above 1.5674 we may expect a return to the 200 day moving average periods.

Signals for February 11 - 16, 2013

Buy if the day closes above 1.5673 (W_S1) with take profit at 1.5758 and 1.5886, stop loss is below 1.5670 (W_S1).

Sell below 1.5650 with take profit at 1.5545 and 1.5560, stop loss is above 1.5886 (W_R1).

____WEEKLY_____
Weekly - R3 = 1.6099
Weekly - R2 = 1.5971
Weekly - R1 = 1.5886
Weekly Pivot = 1.5758
Weekly - S1 = 1.5673
Weekly - S2 = 1.5545
Weekly - S3 = 1.5460

If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com

_____MONTHLY____
Monthly - R3 = 1.6901
Monthly - R2 = 1.6619
Monthly - R1 = 1.6238
Monthly Pivot = 1.5956
Monthly - S1 = 1.5575
Monthly - S2 = 1.5293
Monthly - S3 = 1.4912